Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Canada Goose Loses Flight on Earnings Warning

Published 11/13/2019, 11:04 AM
Updated 11/13/2019, 11:13 AM
© Reuters.

© Reuters.

Investing.com - Canada Goose (NYSE:GOOS) had its feathers ruffled after an earnings call on Wednesday, as the retailer warned that recent protests in Hong Kong will have a significant impact on the current quarter.

Shares of Canada Goose fell 10.4% in midday trade.

Wholesale revenue is also expected to decrease in fiscal third-quarter due to the timing of winter orders, management said on the call.

The company reported a strong beat on the top and bottom lines, as its sales rose in Asia. Earnings per share came in at $0.43 on $222.2 million in revenue, compared to expectations for EPS of $0.32 on $201.3 million in revenue, according to data from Investing.com.

Latest comments

why specify Hong Kong when literally every sector in that city is taking huge losses? this news isn't specific to GOOS unless they poured crazy investments into it or something.
it's more about boycott by China
Hong Kong is not that important, why mention it in the conference call
You are sooooo right
Hong Kong is a major retail chain network
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.